The price is now attempting to break above the short-term downtrend line around $0.29. A confirmed daily close above $0.35 could open the path toward $0.40, followed by a stronger resistance zone near $0.50.
The projected move on the chart suggests a possible upside toward the $0.70–$0.73 area if bullish momentum strengthens.
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FAQs
Cardano is up 16% due to a broader crypto market recovery, strong whale accumulation worth $213M, rising trading volume, and short liquidations.
Yes. Large wallets accumulated over 819 million ADA in six months, signaling confidence and often marking early recovery phases.
If ADA closes above $0.35, it could target $0.40, then $0.50. Strong momentum may even push it toward $0.70–$0.73.
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